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How high can an Amazon CL get?

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Anonymous
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Re: How high can an Amazon CL get?

From what I've read about both Lowes and Amazon, as well as my own personal experience with Amazon, it sounds like the same deal.

 

I opened the card in March 2015, and I've seen some hefty growth without trying. Started at $1700, received an automatic bump to $2400 a few months later, requested an increase on their website and got bumped to $3000 a few months thereafter, and I did the same more recently and got bumped to $5000. I didn't specify any amounts when I requested the increases, nor do I remember there being a field for me to do so. Honestly, with the amount I've put on that thing, my initial limit of $1700 would have been acceptable. It seems stupid easy to see your limit grow a ton with Synchrony.

 

I see some people groaning about how it's low quality credit and all... and it is. However, when it gets down to it, a dollar of credit is a dollar of credit as far as your utilization is concerned. If you pay off your card every month as I do, I don't see how it could hurt.

 

With that being said, I woudn't advise opening one of these cards just because you can get crazy limits with them. I personally don't open any card that I don't see myself using for anything other than the additional credit; I have the Amazon one because I'm a Prime member and that 5% discount is **bleep** useful. My utilization never exceeds 10% as it is, and it really doesn't matter much below that point. Smiley Happy

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